Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,174 shares of the company’s stock after selling 6,167 shares during the period. First Trust Advisors LP owned about 0.29% of Consensus Cloud Solutions worth $1,340,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Sterling Capital Management LLC lifted its stake in shares of Consensus Cloud Solutions by 3.2% in the fourth quarter. Sterling Capital Management LLC now owns 16,499 shares of the company’s stock worth $394,000 after acquiring an additional 513 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Consensus Cloud Solutions by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after purchasing an additional 653 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Consensus Cloud Solutions by 3.1% during the 4th quarter. Meeder Asset Management Inc. now owns 27,645 shares of the company’s stock valued at $660,000 after buying an additional 839 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Consensus Cloud Solutions by 5.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,560 shares of the company’s stock worth $562,000 after buying an additional 1,195 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Consensus Cloud Solutions by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock worth $179,000 after buying an additional 1,240 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Stock Performance

Shares of NASDAQ:CCSI opened at $21.69 on Wednesday. The company’s fifty day moving average is $21.82 and its two-hundred day moving average is $23.97. Consensus Cloud Solutions, Inc. has a 1-year low of $12.67 and a 1-year high of $32.10. The stock has a market capitalization of $423.84 million, a price-to-earnings ratio of 4.69 and a beta of 1.48.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The business had revenue of $86.98 million during the quarter, compared to the consensus estimate of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. Sell-side analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCSI. Oppenheimer increased their price objective on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Citigroup lifted their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Consensus Cloud Solutions presently has an average rating of “Hold” and a consensus target price of $27.40.

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.